Mouteki Alert Service Trades

I sent a PM today to ITguy requesting a subscription for the alert emails provided (for free) by him and LightSeeker. I received my first email alert at the beginning of the following 4H candle. I’m amassed at the amount of people on the thread struggling to get their alert service activated. All the instructions are clearly marked on first post. In case you missed it…

Send a PM to it guy in the following format:

My Forex Factory user name is….
My email address is….

Pretty simple right? oh, and a big thanks to ITguy and LightSeeker


I wanted to see how well something like this would actually work. This is a first for me (email alerts) so I’m excited to test it out, and wanted document the process in the interim. A couple of things worth mentioning:

1. My emails are forwarded to my cell phone to notify me of the alerts.
2. I will be trading all pairs on a demo with a starting capital of 10K.
3. Since there are 19 pairs, I have devised the money management to allow for 1 mini lot per order based on a 10K balance. This does not necessarily mean that 1 pair can only have 1 order. (This may seem excessive to those of you who are stuck on the whole 2% rule… but “don’t worry I know what I’m doing”…famous last words)
4. I will not place a trade for every alert signal, but I will review ALL alert signals. I will actually filter out some of the trades using a “fancy pants” oscillator called – MY BRAIN Version 1.0 (that’s a joke, and no it’s not possible for me to post it as an attachment).
5. A SL order will not be used because I don’t use them (entry orders will be used instead to execute hedges). Nothing special here, it’s just how I regularly trade.
6. I will post reports every week, however if you’d like to check progress at your own convenience you can log into the account at any time. Log in info as follows:

Account number:
Password:

I think that’s pretty much it. If anyone has any questions, please feel free to post them. I’m interested to see where this little puppy ends up.

MM

This is great! I'm looking forward to seeing how the signals work out for you.

I followed the procedure to subscribe to the service early in the month but never heard back. I didn't follow up on it though and I don't intend to because ultimately I want the ability to generate my own signals.

It'll be nice to see how someone else is doing with this system. If I'm developing bad habits or misinterpreting or misapplying anything I want to catch them early before they become ingrained. It's like learning to ski. It's easier to learn to do it right at the outset rather than trying to un-learn bad habits.

While I don't believe in signal services, I don't see how it's fair to the providers that you filter their signals and then assign the results to their service. If you think you can do better than them then start your own. I would argue that it would be better to establish a baseline before trying to make their system better. Of course I'm stuck on the 2% rule (maybe 3) so what do I know?

Easy does it Phil... I'm not trying to spoil anyone's day here. I see your point about me filtering trades. This is probably something I should pursue in private, as my trading style will greatly affect the end result... and will have less to do with the signals them selves.

All in all, the feature of not having to watch the charts is fantastic. I will continue with my demo but not in public. By the way, I was not trying to make the system better... just stoked about the alert feature. Anyways, all the best.

Oh yeah... 2% is for pussies